ON TAKING THE FIRST STEP TOWARD UNDERSTANDING YOUR RELATIONSHIP WITH MONEY.
You are about to discover your best self through the science of your Money Personalities. Our research proves that when you discover, understand, and develop the strengths of your two Money Personalities, the effect on you and your relationships is transformational.
When you lead with your Spender/Risk Taker Model you are able to have more impact, self assurance, and confidence.
The key is to not change who you are, but rather to accept it, love it, and grow it! Again, welcome. Let’s dive into learning how to be the best you, that you can be!
NOW LET’S PIECE EM’ TOGETHER
You’re Primarily A Spender
AS A SPENDER, YOUR OUTLOOK ON LIFE CAN BE SUMMARIZED AS “USE IT OR LOSE IT.” YOU MAKE THINGS HAPPEN BY SPENDING ON YOURSELF AND OTHERS AND ARE OFTEN GENEROUS.
Spenders are carefree with their money. They aren’t concerned about how much money they spend or who they spend it on. They aren’t necessarily rich – we know spenders who can do some serious damage shopping at the dollar store. Spenders just like spending.
AS A SPENDER:
A person who gets a thrill from a purchase whether it is for themselves or others.
CHALLENGES SPENDERS MAY COME ACROSS:
You’re not worried about getting a good deal.
HOW SPENDERS MAKE MONEY DECISIONS:
By acting quickly on a purchase.
HOW SPENDERS MAKE LIFE DECISIONS:
Being carefree and loving to take care of others.
Ready to move quickly on a purchase.
Spender Tip: Next time you shop, try checking for coupons on an app or service like Honey. They offer thousands of discounts across many stores. And, it’s completely free!
- OF PEOPLE THAT HAVE TAKEN THE ASSESSMENT HAVE A PRIMARY SPENDER PERSONALITY.
Your Secondary Is risk taker
AS A RISK TAKER, YOUR OUTLOOK ON LIFE CAN BE SUMMARIZED AS “NOTHING VENTURED, NOTHING GAINED.” YOU MAKE THINGS HAPPEN BY MOVING ON TO THE NEXT BIG THING AND ARE OFTEN ADVENTUROUS.
For the Risk Taker, the thrill of jumping into a financial challenge doesn’t just come from a huge payout on an investment; it comes from taking the risk in the first place. Even if they never hit it big, Risk Takers never give up on following that rush they get from trying out a new idea, even if it costs them everything. It’s just how they’re wired.
AS A RISK TAKER:
You are excited by possibility.
CHALLENGES RISK TAKERS MAY COME ACROSS:
Being impatient and impulsive.
HOW RISK TAKERS MAKE MONEY DECISIONS:
By being decisive.
HOW RISK TAKERS MAKE LIFE DECISIONS:
By seeing potential.
RISK TAKER OVERVIEW:
You are decisive with your money. You are quick to spend when you can see potential and the possibilities that lie ahead. Additionally, you don’t get bogged down in details that might hold you back from new ventures.
- OF PEOPLE THAT HAVE TAKEN THE ASSESSMENT HAVE A SECONDARY RISK TAKER PERSONALITY.
Being a Spender/Risk Taker allows you to be consistent in your money making decisions. One side of your brain is saying “Spend, Spend, Spend,” and the other side of your brain is saying “Risk, Risk, Risk.” You are not alone. There are many people who have this same Money Personality combination. Here is a scenario you may come up against:
You and a friend decide to go on a “get out of dodge” weekend in another state. Your Spender Money Personality’s first thought is, “Boom! This is going to be great! Where are we going to stay? Where are we going to eat? No limits! Let’s just have a blast.” Then, your Risk Taker pops in and says, “Whatever we do, we have to stay at a place we’ve never stayed before, and I can’t wait to try all of the different restaurants!” There is no clash between your two Money Personalities –it’s all about the free spirit of spending whatever is necessary for new adventures.
Your Core Characteristics
Live in the moment: Focused on the now, and willing to spend to make life a blast!
Love to buy things for other people: Receive joy from helping others and giving gifts.
Get a thrill from the purchase: Price doesn’t matter. It is the pure fun of buying that drives the Spender.
RISK TAKER SIDE:
Big picture person: Risk Takers aren’t hung up on the details of a plan, but more so the “how” of an idea. Once they get a lead on something, they move fast to close.
Love finding the next adventure: No idea is too far out there; no risk is too big. Their sense of adventure takes over and they want in.
Get excited about possibility: They get more excited about the idea of something rather than the thing itself.
Listen to your gut: Risk Takers trust intuition more than conventional wisdom or financial experts. If a deal doesn’t feel right, they won’t do it.
Aren’t afraid to make decisions: Risk Takers don’t mess around when it comes to money. They make a decision and make it quickly. That can be an important bonus when decisions are on a quick moving timeline.
Impractical: Most impulsive buyers. No list = No limits. Research isn’t a priority: if it’s there and Spenders want it, they’re getting it.
Non communicative: Since Spenders don’t think much on purchases, this leads to lack of communication through big purchases. Can come across secretive/sneaky.
Filled with regret: Sometimes Spenders get so carried away with the thrill that they forget about the actual money aspect.
A budget breaker: There can be great intention behind creating a budget, but ultimately, they find it hard to stick to.
RISK TAKER SIDE:
Blinded by possibility: When a Risk Taker grabs a hold of an idea, reason has left the building. With it goes concern for other people’s feelings, attention to detail, and long-range planning.
Easily resented: Because of the quick movement of the Risk Taker, it can leave plenty of room for things to go awry. If their partner feels like they have been left out of a big decision, resentment can start weaseling in.
Impatient: The Risk Taker can lose patience with people who don’t sign onto their big ideas as quickly as they’d like. Risk Takers sometimes make decisions without consulting the people who will be affected the most.
Insensitive: They hate feeling hemmed in by other people, so rather than work for compromise, they charge ahead and deal with the relational fallout later.
In A Relationship
A Spender can be a great partner because they’ll never let finances get in the way of truly living life to its fullest. The challenge for the Spender is to respect the money expectations of their spouse, particularly if they are a saver.
A Risk Taker can be a great spouse because they are always thinking about the future. The challenge for the Risk Taker is to keep their spouse involved in the risk-taking decisions, and to be willing to say no to a deal.